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May 13, 2013
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
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May 17, 2013
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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May 14, 2013
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 13, 2013
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so as this budget deficit shrinks, and it is significantly lower than it was at this time last year, as that shrinks, the treasury's going to be issuing less debt which means the fed might not have to buy quite as much to get interest rates where it wants them. liz: so what's next, larry? >> well, i mean, if this budget deficit continues to shrink and treasury issuance continues to slow, it's possible the fed would reduce some of that buying. now, not a huge amount. not enough that everyone's going to say, oh, the fed is backing out. liz: everybody or to -- it might be to the markets, or it might be for the markets. it might have s.a.t. alert here, sliewb rouse or positive effect if, for example, it shows that maybe this economy is finally getting sort of a bit healthier and, therefore, we don't need to prop it up with that much medication? >> well, if that's the reason, then it is a good thing long term if the data continues to improve. i think there's still a big if. the economy be is growing very slowly, and there has been improvement in the unemployment picture, but it's still, i
so as this budget deficit shrinks, and it is significantly lower than it was at this time last year, as that shrinks, the treasury's going to be issuing less debt which means the fed might not have to buy quite as much to get interest rates where it wants them. liz: so what's next, larry? >> well, i mean, if this budget deficit continues to shrink and treasury issuance continues to slow, it's possible the fed would reduce some of that buying. now, not a huge amount. not enough that...
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May 16, 2013
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 16, 2013
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they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the department of housing and urban development have left thousands of low income families struggling to get a place to live. >> getting kids like clamari in to head start is going to be more difficult. because of budget cuts, places like this are taking less kids the next school year. >> thousands of meals may be cut. the director says it comes at a time when donations are already down. >> it's real stuff, congresswoman. >> that's right. and it's really staggering. i've been out in my district where we have worker who is are facing furloughs, we ha
they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the...
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May 20, 2013
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our deficit is dropping. it is dropping to a very manageable level. again, that is a really manageable good level. connell: you are ready to argue that point. >> by 2017, the deficits will start going up again. they often say that there is no balance in this budget. the president has said again and again that spending cuts will equal out to tax hikes. the president that he will only raise taxes by 580 billion. the cbo says this budget raises them by $1.1 trillion. connell: we should pat ourselves on the back to even have the focus to have this conversation. we cannot get beyond, not only the scandal of the day, but the scandals of the day. i know we did one segment on it today, but they have been few and far between. >> there is no question. this has been a terrible week for the white house. we have really good economic news in a lot of ways. we are actually ssending less on obamacare than we originally thought. there is lots of good news and it. >> i do not think $59 billion is a big success story to talk about. when the president goes out there and
our deficit is dropping. it is dropping to a very manageable level. again, that is a really manageable good level. connell: you are ready to argue that point. >> by 2017, the deficits will start going up again. they often say that there is no balance in this budget. the president has said again and again that spending cuts will equal out to tax hikes. the president that he will only raise taxes by 580 billion. the cbo says this budget raises them by $1.1 trillion. connell: we should pat...
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May 15, 2013
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 20, 2013
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 18, 2013
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we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio. u's called the gdp to debt ratio. obama came in with the 10% to debt to gdp ratio. he has it down to 4%. they sate's going to down to 2%. those are not great talking points for republicans. >> david does the massive deficit debt reduction hurt job growth. >> we would be much better off i
we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what...
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deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush, dropped under clinton, grew under bush. how weather is the reaction to this? john boehner said nothing. and others say it's a report of out of scroll spending even though it's the opposite. and the g.o.p. will get together to vote to repeal obama-care for the 37th time. let's go to pat in world world news. >> thank you for having me. >> john: we did work with this president. we did help to bring the deficit down together, our policies are working. have you heard any reaction from "b" this? has this humbled an
deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush,...
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 15, 2013
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budget deficit? i am serious the deficit dramatically lower. next. we're not in london, are ? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your account or unusual activity, you could alsoet up free account alerts. okay. [ female announcer ] atells fargo we're working rounthe clock to help protect your money and financial informaon. here your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and withhat: you're history. instead of looking behind... delta is looking beyond. 80housand of us investing billions. in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. >> the federal budget is a visit expected to shrink this fiscal year after four years of deficit of $1 trillion of ex
budget deficit? i am serious the deficit dramatically lower. next. we're not in london, are ? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your account or unusual activity, you could alsoet up free account alerts. okay. [ female announcer ] atells fargo we're working rounthe clock to help protect your money and financial informaon. here your temporary card. welcome back. how was london? [ female announcer...
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regards tried to create an image running programs in we're concerned budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if that were extended paid on time whatever money he owes we were still have a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that it all or recent decisions from that part of the greek government such as the decision to lay off tens of thousands of public servants of the that the very big wage or reduction in the private sector that will start tomorrow so there are real aspects of it a brick of the government's economic policy a policy if you're one of the recession the amity demands that greece remains to go to other policies that will simply make even worse the humanitarian disaster we are already facing and which was described in your reports just. despairs growing at america's gone time obey prison where detainees have been on
regards tried to create an image running programs in we're concerned budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if that were extended paid on time whatever money he owes we were still have a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that it all...
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paul ryan was the deficit guy in the deficit argument. the deficit was too big. one of their main arguments against re-electing president obama. we just received the new estimate of what the deficit will be by the end of the year. this is what the deficit had been up through last year, so 2009, that's president obama's first year, 2011, 2012, show the next year. this is what they had projected the deficit would be by the end of this year, but now that estimate has been revised. they have revised the projected deficit for this year and as of now, this is what the new deficit -- we have that slide whistle and we never used it before, are you kidding me? the opportunity costs. as of now this is the estimate of what the new deficit will be by the end of the year. that means the deficit has shrunk by $800 billion since president obama has been in office. this is the fastest deficit reduction we have had as a country since world war ii. honestly, that's kind of terrible. it's kind of terrible to the extent we are working on this stupid deficit issue, spending less inst
paul ryan was the deficit guy in the deficit argument. the deficit was too big. one of their main arguments against re-electing president obama. we just received the new estimate of what the deficit will be by the end of the year. this is what the deficit had been up through last year, so 2009, that's president obama's first year, 2011, 2012, show the next year. this is what they had projected the deficit would be by the end of this year, but now that estimate has been revised. they have...
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brit government is trying to create image running programs in were concerned budget deficits by simply slashing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state dade untied were ever money all this we were still without a big deficit so that's why i insist that it is and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that is all or recent decisions from that part of the greek government such as the decision to lay off pensions thousands of servants. of the that the very big weight reduction should be in the private sector that will start tomorrow so there are real aspects of the brink of the government's economic policy of policy it's the quality of recession the m.f. demands that greece remains to go to other policies that will simply made even worse the humanitarian disaster we are already facing and which was described in your reports just. and of course you can find more stories online at r.t. dot com includi
brit government is trying to create image running programs in were concerned budget deficits by simply slashing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state dade untied were ever money all this we were still without a big deficit so that's why i insist that it is and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement and not a real improvement and on the other hand all that...
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May 13, 2013
05/13
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detroit budget deficit will hit $386 million in two weeks. that's about $60 million more than the city's march estimate. in new orleans, police now releasing surveillance videotape showing a possible suspect in the mother's day shootings where 19 people were injured, three critically. officials are looking for three suspects now but they're calling the attack during a neighborhood parade street violence, not terrorism. in benghazi, libya, at least 10 people are dead after a car bomb exploded by remote control in a crowded area outside the city's main hospital. no confirmation on the number of injured at this time. those are your headlines on fox business network. now back to cheryl. cheryl: thank you very much. markets are mixed despite better than expected retail sales numbers this morning, .1% for the month of april, gardening stores seeing an even bigger return. our next guest says there's definitely a correlation between retail sales and the real estate market. joining me is real estate advisory practice who looks incredibly brilliant thi
detroit budget deficit will hit $386 million in two weeks. that's about $60 million more than the city's march estimate. in new orleans, police now releasing surveillance videotape showing a possible suspect in the mother's day shootings where 19 people were injured, three critically. officials are looking for three suspects now but they're calling the attack during a neighborhood parade street violence, not terrorism. in benghazi, libya, at least 10 people are dead after a car bomb exploded by...
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May 16, 2013
05/13
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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May 16, 2013
05/13
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KICU
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deficit is shrinking much faster than expected. the congressional budget office estimates the deficit will fall to about $642 billion by september - $200 billion less than predicted three months ago. until now, the federal budget deficit has topped $1 trillion every year since the financial crisis. some of the money will come from bailed out mortgage giants fannie mae and freddie mac making large dividend payments to the government this year. the economic outlook is less assuring in europe. the region's economy shrank for the sixth consecutive quarter. france fell into a double-dip recession, with president francois hollande expecting lower growth this year. analysts are not expecting any major policy shifts from euro leaders. in germany, chancellor angela merkel faces re-election in september. and the european central bank has already cut rates to a record low. next week, european commissioners will meet in brussels to discuss boosting economic growth. the largest bank in europe is talking about letting 14,000 workers go to cut co
deficit is shrinking much faster than expected. the congressional budget office estimates the deficit will fall to about $642 billion by september - $200 billion less than predicted three months ago. until now, the federal budget deficit has topped $1 trillion every year since the financial crisis. some of the money will come from bailed out mortgage giants fannie mae and freddie mac making large dividend payments to the government this year. the economic outlook is less assuring in europe. the...
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british government is trying to create an image running programs in budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state paid on time whatever money he owes we were still . a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement i'm not a real improvement on the other hand all that is all the recent decisions from the back of the greek government such as the decision to lay off for tens of thousands of public servants of the. very big wage reductions that private sector with more or so although they realize bits of the government's economic policy are full as well as the recession the i.m.f. demands that greece remains to go with it. that will simply make even worse this humanitarian disaster we are already facing and which was described . this is r.t. you can find many more stories online at r.t. dot com including maybe close your eyes dressed to impress british billionaire and a virgin bos
british government is trying to create an image running programs in budget deficits by simply slicing public investment and continuing continuously delaying statements about its directions so in reality if if the greek state paid on time whatever money he owes we were still . a big deficit so that's why i insisted that this and you know this isn't just an attempt to remain within the nominal terms of the bailout agreement i'm not a real improvement on the other hand all that is all the recent...
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because in the reality what has been described as i mean rosemond in terms of budget deficits just their results or the continuing stock but payments from the part of the greek state the greek state owes in what they meant more than eight billion euros just delays being thing contracts that innocent lives are now but now a recent international monetary fund my staple i'm sort of jump in there very quickly but it but a recent i.m.f. statement demanded that greece remain devoted one hundred percent to its austerity program to tell us this can the greeks endure it. no in no way that the i.m.f. demands that greece remains to go to a policy that will simply made even worse the humanitarian disaster we are already facing in which was this break your reports just before so what happens if i thin stars begin to fail to meet the terms of its ballot well the greek government tries to meet the nominal terms of the bailout agreements interest or budget cuts or reducing the public investment or laying off or preparing for thousands of public servants and sex workers or making extremely dangerous deci
because in the reality what has been described as i mean rosemond in terms of budget deficits just their results or the continuing stock but payments from the part of the greek state the greek state owes in what they meant more than eight billion euros just delays being thing contracts that innocent lives are now but now a recent international monetary fund my staple i'm sort of jump in there very quickly but it but a recent i.m.f. statement demanded that greece remain devoted one hundred...
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May 14, 2013
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a growing deficit plus those unfunded pensions. where will the money come from to save this city? they need it fast. a frequent guest on this program. thank you very much for coming back to us. where is the money coming from? they will have to have money within the next few weeks. >> you may be talking to the wrong guy. i am sure plenty of people are in line for a haircut all around. i wanted to talk to about why detroit and other cities are failing. stuart: you have to have an opinion on this. >> my opinion is that detroit defined michigan. stuart: there are only two choices here. they have to have money or they just totally shut down. everything shuts down totally. there is only two choices. >> i think that the governor has to step up. i think that this city has to be committed to a long-term plan. stuart: are you prepared to see money from your city go to detroit? >> no. we cannot afford it. again, i think a lot of folks are in line for a haircut. i think it will have to be shared sacrifice. our cities are failing by design. we have many cities that are headed towards bankruptc
a growing deficit plus those unfunded pensions. where will the money come from to save this city? they need it fast. a frequent guest on this program. thank you very much for coming back to us. where is the money coming from? they will have to have money within the next few weeks. >> you may be talking to the wrong guy. i am sure plenty of people are in line for a haircut all around. i wanted to talk to about why detroit and other cities are failing. stuart: you have to have an opinion on...
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May 15, 2013
05/13
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 12, 2013
05/13
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it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the economy will start recovering and interest rates will go through the roof and it will make the susequester look like a sunday afternoon walk in the park. >> so here's the question, will too much government belt tightening threaten the fragile u.s. recovery? and what can the u.s. learn from europe and its crisis? peter is an economist and professor at the university of maryland school of business. richard quest is the host of quest means business on cnn international. thank you for joining me. peter, let me start with you. you say it's too late. austerity measures in euro
it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the...
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May 15, 2013
05/13
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>>darya: there's some good news on this year's budget deficit. it now projected to come in well below what was estimated just a few months ago. a congressional budget office study predicts a 2013 budget deficit of $642 billion, more than $200 billion below its february estimate. on the recovering economy is producing revenues, the improving deficit picture also reflects the accumulating affects of par round of spending cuts, mostly reducing day-to-day agency budgets and january's tax hike on wealthier owners. u.s. airlines collected more than 6 billion and baggage and reservation change fees from passengers last year. that's the highest amount since the fees started about five years ago. passengers should not expect a break anytime soon. those fees, along with extra charges for borden early or picking prime seats have helped return the industry to profitability. >> james: apples i to-tunes is closing in on a milestone today. its 50 billion app download. apple will surprise the lucky down mother with a $10,000 at store gift card. the next of the p
>>darya: there's some good news on this year's budget deficit. it now projected to come in well below what was estimated just a few months ago. a congressional budget office study predicts a 2013 budget deficit of $642 billion, more than $200 billion below its february estimate. on the recovering economy is producing revenues, the improving deficit picture also reflects the accumulating affects of par round of spending cuts, mostly reducing day-to-day agency budgets and january's tax hike...
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its budget deficit remains large and the interest rate on ten year bonds is point six percent though no that's not a misprint he says well of course he wrote that a may ninth when the interest rates were point six percent within a week there a point eight six percent so that's a pretty huge rise as a forty percent rise in the course of a week listen jonathan i know you got a little tiff going with your pants a moment here so i can really screw him up start shorting japanese government bonds really aggressively on the open market with massive naked short sells drive that interest rate to four percent on the ten year and you have to worry about your pet ever again ok joined by the way you used the proceeds to buy gold. dear friend max. by colt all right stacy thanks so much for being once again on the kaiser report thank you max say two of us i can have a whole lot more. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew
its budget deficit remains large and the interest rate on ten year bonds is point six percent though no that's not a misprint he says well of course he wrote that a may ninth when the interest rates were point six percent within a week there a point eight six percent so that's a pretty huge rise as a forty percent rise in the course of a week listen jonathan i know you got a little tiff going with your pants a moment here so i can really screw him up start shorting japanese government bonds...
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May 15, 2013
05/13
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the cbo expects a deficit for the 2013 fiscal year. it's more than $200 billion lower than the previous estimate just three months ago. the adjustment reflects new revenue, thanks from changes in tax laws and increase in payments from fannie mae and freddie mac. the cbo's current projection would mark the lowest deficit yet under president obama. >>> another u.s. service member assigned to a military sexual assault program under investigation for sexual misconduct. the pentagon says a u.s. army sergeant could face charges for solicitation abusive sexual contact, assault and treatment of subordinate. the soldier allegedly forced one subordinate soldier into prostitution and physically assaulted two others. the report comes a week after an air force lieutenant colonel working in the sexual assault prevention office was arrested and accused of sexual battery. >>> a day after being convicted for some of the worst crimes you can imagine, dr. kermit gosnell has avoided life in prison. he was found guilty of the deaths of three babies at his
the cbo expects a deficit for the 2013 fiscal year. it's more than $200 billion lower than the previous estimate just three months ago. the adjustment reflects new revenue, thanks from changes in tax laws and increase in payments from fannie mae and freddie mac. the cbo's current projection would mark the lowest deficit yet under president obama. >>> another u.s. service member assigned to a military sexual assault program under investigation for sexual misconduct. the pentagon says a...
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May 12, 2013
05/13
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neil: we are celebrating the deficits come and is not as big as we thought. only in washington. only in washington can they celebrated us visit that is no longer a trillion dollars. welcome, i am norto. when it gets down to $700 billion or so, you'd think the you hit the jackpot, sort of like the guy 700 pounds loses 10 pounds and thinks that he is winning the battle. about $231 billion last than this time last year. that is $16.7 trillion. a flood of retiring baby boomers just keeps getting in. it usually proves that they grow to have a depressing and they ultimately end up in those places. so let's not get ahead of ourselves and think that we have hit a triple this because we broke up on third base. we did not. former house republican leader dick armey warned his colleagues not to use this as an excuse to give up the spending fight. but dick, i'm worried that's what will happen. >> i think the republicans need to understand that they have a special place right now in this country. the whole obama administration, 90% of the press, they are in a sea of delusion. and if the repub
neil: we are celebrating the deficits come and is not as big as we thought. only in washington. only in washington can they celebrated us visit that is no longer a trillion dollars. welcome, i am norto. when it gets down to $700 billion or so, you'd think the you hit the jackpot, sort of like the guy 700 pounds loses 10 pounds and thinks that he is winning the battle. about $231 billion last than this time last year. that is $16.7 trillion. a flood of retiring baby boomers just keeps getting...
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May 17, 2013
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that will put all economic policies of the making into the fall, right now it looks with a positive deficit news they won't hit the debt limit until the end of the year so there is no reason to act between now and then and they won't, they will just have one hearing after another and the ap scandal and all the other things going on. cheryl: a crucial story but the focus is not on the economy. that will -- look at the markets. 15,305 with our session high, a new record for the market, all the attention is focused on washington. >> that shows where the market folks are focused and where other people are focused. these are moments liff is more interesting. the ap, bloomberg not getting all the headlines, the primary reason is the fed continues to provide the stimulus necessary to do it, keeping rates low, companies doing more with less, the reeovery is slower, but improvements in jobs and housing market continues forward. that allowed consumers sentiment to have the best number in six years of the economy continues to do good things despite these headlines, and highlights how the fed is a driv
that will put all economic policies of the making into the fall, right now it looks with a positive deficit news they won't hit the debt limit until the end of the year so there is no reason to act between now and then and they won't, they will just have one hearing after another and the ap scandal and all the other things going on. cheryl: a crucial story but the focus is not on the economy. that will -- look at the markets. 15,305 with our session high, a new record for the market, all the...
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May 12, 2013
05/13
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they have a computer -- proscwected 5.5 million deficit because of next we're. >> honor the will of the voters. >> no, it's not going to be -- it's like, yes toed. >> they need to start lifting. >> even though the pot lar. >> i'm actually part of something, but. >> two discussions on plans for the future. >> we want to bring in revenue to the city, we have to have a city that's attractive. >> and for mftion, including the. >> click. >>> one month into the baseball season, at&t park concession wmplers sail. >> todavoters in end ready. >> employer sent me her ha, to $20 an hoir. >> workers say the three year salary freeze is unfair. >> we're asking that the judge share that we work so their fans could have ant opportunity it,. >> chat owe, as larged. >> is. >> it's clun lear month. >> if you did he, scients games are effect hif. is ktx5 explains what you have to do to charge before our visiting. >>> right now professional dogwalkers have no oversight. that's about to end. a new law will require professional dog whiekers, using. one leash per dog and 8.322. >> mule. >> and more at once, wh
they have a computer -- proscwected 5.5 million deficit because of next we're. >> honor the will of the voters. >> no, it's not going to be -- it's like, yes toed. >> they need to start lifting. >> even though the pot lar. >> i'm actually part of something, but. >> two discussions on plans for the future. >> we want to bring in revenue to the city, we have to have a city that's attractive. >> and for mftion, including the. >> click....
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May 18, 2013
05/13
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instead of what you are concluding your reported it would reduce the deficit by $2.5 trillion? >> i sent six months months on this report. the methodology is about 30 pages long. any person can look at my detail of my analysis. mr. egan has a press release of study he might do. difficult to assess what he is talking about because it's so hidden and minimal. one thing i can say about that is his study basically concludes that an immigrant with an ph.d. and one with a fourth grade education has an equal effect of reducing the deficit in government. that is not only wrong but it's stupid. the reality that a high skilled immigrant, one with a college education pays about $30,000 more in taxes than they take in benefits. a low educated immigrant one with high school degree or less does exactly the opposite. though will take about $30,000 more in benefits than they pay in taxes. the essence of this bill is saying that it's going to take 11.5 million illegal immigrants that on average education of tenth grade and giving them access to 80 different welfare programs, obamacare which is
instead of what you are concluding your reported it would reduce the deficit by $2.5 trillion? >> i sent six months months on this report. the methodology is about 30 pages long. any person can look at my detail of my analysis. mr. egan has a press release of study he might do. difficult to assess what he is talking about because it's so hidden and minimal. one thing i can say about that is his study basically concludes that an immigrant with an ph.d. and one with a fourth grade education...
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May 14, 2013
05/13
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when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and homeland is very much a binge viewing show as well. dagen: i watched the first season on itunes and bought the whole thing. i watched it on pay-per-view. dennis: never saw homeland on showtime, watch it on demand, episode after a visit in these large blocks. that is something we can do more to mind and their increasingly willing to let their shows run anywhere all the time. that helps with this hole -- dagen: who do plus you can get it. >> live on any laptop or ipad. dennis: much more coming. connell: dennis is a big "imus in the morning" fan. the imus radiothon for the imus radio kids for canc
when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and...
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it budget deficits by simply slicing the public investment and continuing continuously delaying the state statements about its directions so in reality if if the greek states. were every monday all those with which they have. this it's so that's why they insist that it does i mean listen it is an attempt to remain within the norm in the . sense not to improve it. so will the real aspects of the. government's agreement the least of all this is the one the recession the very big question the elephant is a room of this size of greek debt. as you know bailout agreements ireland in reality they have increased. that and during an astonishing six years of recession is also having a harrowing consequence so is sizing greece which used to be the lowest rate in euro are rising rapidly mostly among the middle class troublingly people have taken their lives in public hanging or shooting themselves or even self-immolation while politicians and economists shuffle the figures as the people of greece spain the price with their livelihoods and their futures their healthcare sector is one of the was told b
it budget deficits by simply slicing the public investment and continuing continuously delaying the state statements about its directions so in reality if if the greek states. were every monday all those with which they have. this it's so that's why they insist that it does i mean listen it is an attempt to remain within the norm in the . sense not to improve it. so will the real aspects of the. government's agreement the least of all this is the one the recession the very big question the...
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where does the optimus stand while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the figure so that's why the european union but for the greek people though is the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's going to get worse four thousand civil servants are being laid off this year alone with the number is set to triple by the end of the year one expert says no matter how the number is set up now the money will still have to be repaid. this is. better these would. be better value for sure example better and so if you're going. to be the bully and during an astonishing six years of recession is also having a harrowing consequence so is science in greece which used to be the lowest rate in europe are rising rapidly mostly among the middle class troublingly people have taken their lives in public hanging or shoes. themselves or even self-immolation while politicians and economists shuffle the figures as the people of g
where does the optimus stand while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the figure so that's why the european union but for the greek people though is the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's going to get worse four thousand civil servants are being laid off this year alone with the number is set to triple...
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May 14, 2013
05/13
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now we only have a deficit less than 100 the next six months. the net issuance versus refunding is a little over 100. that means we have 400 billion, 400 billion that has to be made up. so basically think about this. that's being taken out of the market, out of the bond market. 400 billion is now in your hands, my hands and other folks's hands. and there's a few choices. it either has to go in the economy, which, you know it probably will go somewhat in the economy. it has to go to the short end of the curve trade better. we have this excess. or it has to make stocks trade higher. now, the problem is you might be worried some of that might go into the economy and, you know it might stimulate with a little bit of surge. basically, afterwards, we also have to cut back because the deficits in the future will be less than this trillion dollars. so if we don't taper back we will get into this hyper drive market. it's backwards. the fed has to taper back. because if you look at the numbers, it's so tremendous, these numbers are so tremendous that you
now we only have a deficit less than 100 the next six months. the net issuance versus refunding is a little over 100. that means we have 400 billion, 400 billion that has to be made up. so basically think about this. that's being taken out of the market, out of the bond market. 400 billion is now in your hands, my hands and other folks's hands. and there's a few choices. it either has to go in the economy, which, you know it probably will go somewhat in the economy. it has to go to the short...
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May 15, 2013
05/13
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here is one thing, the deficit is shrinking. you sit around with green eye shades all the time talking about how we need to cut stuff. yeah, we do. but when the economy grows, which it's doing, guess what happens? the deficit shrinks. >> neil: but that doesn't -- >> i agree. but i'm telling you -- >> neil: this what makes -- >> our number one issue should not be green eye shades of cut this, tea party, let's not have anything. let's not spend money on anything. >> neil: our number one issue is -- >> get people work. >> neil: absolutely. but police the money coming in and make sure more money doesn't go out. >> i agree with that. but first and foremost, people got to go to work. when people go to work, th pay taxes and the deficit goes down. >> neil: any given day, you're like patty hearst. >> i'm a riddle. >> neil: exactly. he's great. he's my buddy. meanwhile, is holder a liar? douglas brinkly says it doesn't matter. he should just go and maybe eric holder is just the starter. because one of the world's most respected historian
here is one thing, the deficit is shrinking. you sit around with green eye shades all the time talking about how we need to cut stuff. yeah, we do. but when the economy grows, which it's doing, guess what happens? the deficit shrinks. >> neil: but that doesn't -- >> i agree. but i'm telling you -- >> neil: this what makes -- >> our number one issue should not be green eye shades of cut this, tea party, let's not have anything. let's not spend money on anything. >>...